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Senate File 2012

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 99B.5, subsection 1, paragraph g, Code
  1  2 1995, is amended by striking the paragraph and inserting in
  1  3 lieu thereof the following:
  1  4    g.  The actual retail value of any prize does not exceed
  1  5 two hundred dollars.  If a prize consists of more than one
  1  6 item, unit, or part, the aggregate retail value of all items,
  1  7 units, or parts shall not exceed two hundred dollars.
  1  8 However, either a fair sponsor or a qualified organization,
  1  9 but not both, may hold one raffle per calendar year at which
  1 10 prizes having a combined value of more than two hundred
  1 11 dollars may be offered.  If the prize is merchandise, its
  1 12 value shall be determined by the purchase price paid by the
  1 13 fair sponsor or qualified organization.
  1 14    Sec. 2.  Section 99B.5, Code 1995, is amended by adding the
  1 15 following new subsections:
  1 16    NEW SUBSECTION.  3.  A licensee under this section may hold
  1 17 one real property raffle per calendar year at which the value
  1 18 of the real property may exceed two hundred dollars in lieu of
  1 19 the annual raffle authorized in subsection 1, paragraph "g",
  1 20 if all of the following requirements are met:
  1 21    a.  The licensee has submitted the special real property
  1 22 raffle license application and a fee of one hundred dollars to
  1 23 the department, has been issued a license, and prominently
  1 24 displays the license at the drawing area of the raffle.
  1 25    b.  The real property was acquired by gift or donation or
  1 26 has been owned by the licensee for a period of at least five
  1 27 years.
  1 28    c.  All other requirements of this section and section
  1 29 99B.2 are met, except that the cost to participate in the
  1 30 raffle may exceed one dollar for each participant.
  1 31    d.  Receipts from the raffle are kept in a separate
  1 32 financial account.
  1 33    e.  A cumulative report for the raffle on a form determined
  1 34 by the department and one percent of the gross receipts are
  1 35 submitted to the department within sixty days of the raffle
  2  1 drawing.  The one percent of the gross receipts shall be
  2  2 retained by the department to pay for the cost of the special
  2  3 audit.
  2  4    NEW SUBSECTION.  4.  For each real property raffle license
  2  5 issued, the department shall conduct a special audit of the
  2  6 raffle to verify compliance with the appropriate requirements
  2  7 of this chapter.
  2  8    Sec. 3.  Section 99B.7, subsection 1, paragraph d, Code
  2  9 1995, is amended by striking the paragraph and inserting in
  2 10 lieu thereof the following:
  2 11    d.  Cash prizes shall not be awarded in games other than
  2 12 bingo and raffles.  The value of a prize shall not exceed two
  2 13 hundred dollars and merchandise prizes shall not be
  2 14 repurchased.  If a prize consists of more than one item, unit,
  2 15 or part, the aggregate value of all items, units, or parts
  2 16 shall not exceed two hundred dollars.  However, one raffle may
  2 17 be conducted per calendar year at which prizes having a
  2 18 combined value of more than two hundred dollars may be
  2 19 awarded.  If the prize is merchandise, its value shall be
  2 20 determined by purchase price paid by the organization or
  2 21 donor.
  2 22    Sec. 4.  Section 99B.7, subsection 1, Code 1995, is amended
  2 23 by adding the following new paragraphs:
  2 24    NEW PARAGRAPH.  q.  A licensee under this section may hold
  2 25 one real property raffle per calendar year at which the value
  2 26 of the real property may exceed two hundred dollars in lieu of
  2 27 the annual raffle authorized in subsection 1, paragraph "d",
  2 28 if all of the following requirements are met:
  2 29    (1)  The licensee has submitted the special real property
  2 30 raffle property license application and a fee of one hundred
  2 31 dollars to the department, has been issued a license, and
  2 32 prominently displays the license at the drawing area of the
  2 33 raffle.
  2 34    (2)  The real property was acquired by gift or donation or
  2 35 has been owned by the licensee for a period of at least five
  3  1 years.
  3  2    (3)  All other requirements of this section and section
  3  3 99B.2 are met, except that the cost to participate in the
  3  4 raffle may exceed one dollar for each participant.
  3  5    (4)  Receipts from the raffle are kept in a separate
  3  6 financial account.
  3  7    (5)  A cumulative report for the raffle on a form
  3  8 determined by the department and one percent of the gross
  3  9 receipts are submitted to the department within sixty days of
  3 10 the raffle drawing.  The one percent of the gross receipts
  3 11 shall be retained by the department to pay for the cost of the
  3 12 special audit.
  3 13    NEW PARAGRAPH.  r.  For each real property license issued,
  3 14 the department shall conduct a special audit of the raffle to
  3 15 verify compliance with the appropriate requirements of this
  3 16 chapter.  
  3 17 SF 2012
  3 18 tj/cc/26
     

Text: SF02011                           Text: SF02013
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